This is a great opportunity for an operator to an additional cultivation location and/or license HUB to maximize revenue, in Northern California for 2023. The business is located in Lake County, CA. Currently the business is not operational but is fully licensed both at the local and state level (Provisional License). The license is a Minor use Type 1 small mixed light 10K sq feet, however, it can be upgraded to Major Use at any time and there are hoop houses ready for use on the property, representing a greater value! The property owner installed a large solar system with approx. 20kw in panels and 240kwh in battery storage. There is a high output well with high end Reverse Osmosis/filtration system, 15,000 G storage by the well and 3,000 G storage in the cultivation area.
Under a Management Service Agreement (“MSA’s”) a company could operate under an already licensed cannabis business, in order to expand in new markets, save startup costs on applying or purchasing their own license, etc. The new company that enters into a management service agreement will have to pay Management Fees such as an Initial Fee, Rent, etc. all depending on the scope, space required based on the company’s needs.
California recently announced the “Provisional Deadline” (MJBizDaily Article), or temporary license, program will sunset June 30, 2022 with the first deadline being March, 31st, 2022. This means that in order to operate legally you must go through the arduous and lengthy time consuming process of obtaining a full “Annual” license or the only other option would be to acquire an already existing licensed business.
Looking for Funding?
Whether it’s for a fast growth situation, a turnaround in a rising industry we can connect you with lenders. If you are looking for acquisitions, purchases and expansion these lenders could fund against a company’s revenues, accounts receivable, licenses, inventory, and real estate. By focusing on assets, instead of balance sheets and projections, the lenders could fund opportunities that banks can not. Please notify the listing agent mentioned below if you want to hear more information about this.
Initial Management Fee: $35,000.00
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Yesenia Jimenez, DRE LIC CA# 02073168
If you have any questions Call Yesenia at (858) 633-3013
Or Email : email@example.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.